FOR IMMEDIATE RELEASE:

DAEHAN INVESTMENT & TRUST SECURITIES PURCHASES KAMAKURA MARKET RISK SYSTEM

HONOLULU, July 13, 2001- Kamakura Corporation, the Honolulu-based provider of risk information, processing and software, announced today that Daehan Investment & Trust Securities in Seoul has purchased the Kamakura Risk Manager KRM-var software market risk software suite. Daehan Investment & Trust Securities is one of the leading securities firms in Korea. DITS is Kamakura's fifth client in Korea. Unisys Korea Limited is providing systems integration services for the Kamakura software at DITS, the fourth time that Unisys Korea has implemented the Kamakura system. Other clients of Kamakura in Korea include Samsung Fire & Marine Insurance, Daewoo Securities, Oriental Fire & Marine Insurance, and the Korean Federation of Community Credit Cooperatives.

"Kamakura is very proud of our relationship with DITS," said Donald R. van Deventer, President and CEO of Kamakura Corporation. "We believe that Kamakura's proven success in the Korean market demonstrates the value of our partner Robert Jarrow's analytics in markets where conditions have been volatile and where the returns for institutions investing in best practice risk management are the highest."